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The World’s Best Import Markets for Meat

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The World’s Best Import Markets for Meat

1. China

China, with an import value of 23.7 billion USD, claims the top spot as the largest importer of meat in the world. The country’s massive population and growing middle class have led to increased demand for meat products. Chinese consumers are particularly fond of pork, beef, and chicken. This vast market presents a significant opportunity for meat exporters worldwide.

2. United States

The United States, known for its strong meat industry, ranks second on the list. With an import value of 11.1 billion USD, the country relies on imports to meet its diverse meat demand. The United States is a major importer of beef, poultry, and pork, sourcing meat from various countries, including Australia, Canada, and Mexico.

3. Japan

Japan, a meat-loving nation, is the third-largest importer, with an import value of 8.2 billion USD. Despite its limited land availability for livestock farming, the country has a significant domestic demand for meat. Japan imports various meat products, including beef, pork, and poultry, from countries like the United States, Australia, and Canada.

4. South Korea

South Korea, renowned for its cuisine that heavily incorporates meat dishes, stands as the fourth-largest importer of meat. With an import value of 6.6 billion USD, the country relies on imports to satisfy its meat requirements. South Korea primarily imports beef, pork, and poultry from the United States, Australia, and Europe.

5. Italy

Italy, known for its rich culinary heritage and love for meat-based dishes, occupies the fifth spot on the list. The country’s import value for meat in 2022 was 5.2 billion USD. Italy imports various types of meat, including beef, pork, and poultry, from countries like Germany, Spain, and the Netherlands.

6. Germany

Germany, a major player in the European meat market, is the sixth-largest importer globally. With an import value of 4.6 billion USD, the country relies on imports to meet its growing demand for meat. Germany imports a variety of meat products, including beef, pork, and poultry.

7. France

France, known for its cuisine and appreciation for high-quality food, ranks seventh on the list of top meat import markets. The country’s import value for meat in 2022 was 3.9 billion USD. France imports meat from various countries, including Germany, Spain, and Belgium, to cater to its diverse culinary traditions.

8. Netherlands

The Netherlands, a significant player in the global meat trade, holds the eighth position on the list. With an import value of 3.7 billion USD, the country imports meat from countries like Germany, Belgium, and Denmark. The Netherlands is known for its extensive meat processing industry.

9. Mexico

Mexico, with its vibrant cuisine and growing population, stands as the ninth-largest importer of meat. The country’s import value for meat in 2022 was 3.4 billion USD. Mexico mainly imports beef, pork, and poultry from the United States and Canada.

10. United Kingdom

The United Kingdom completes the top ten list of the world’s top meat import markets. With an import value of 2.8 billion USD, the country relies on imports to meet its meat requirements. Due to its limited domestic production capacity, the United Kingdom imports various types of meat, including beef, pork, and poultry.

Conclusion

The global meat market heavily relies on imports to meet the diverse meat demands of various countries. China, the United States, Japan, South Korea, Italy, Germany, France, the Netherlands, Mexico, and the United Kingdom make up the top ten import markets for meat. These countries play a crucial role in shaping the global meat trade and present significant opportunities for meat exporters worldwide.

 

Source: IndexBox Market Intelligence Platform

consumption

Changing Consumption Patterns and Sustainability Issues Hamper EU Meat Market

IndexBox has just published a new report: ‘EU – Meat and Poultry – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

The market for meat and poultry in the EU is forecast to decrease at an average yearly rate of -0.4% in the upcoming decade. The drop in consumption is mainly driven by changes in consumer habits to diminish meat in their diet and decreased meat and poultry production to promote sustainability. Demand for beef and pork is expected to fall, while for poultry and sheep, it will increase. In these conditions, alternative proteins will not compete with animal-based meats due to their high costs. Meat and poultry exports to EU countries will decline primarily due to lower demand from Asia.

Key Trends and Insights

Based on the EU Agricultural Outlook 2021-31, IndexBox estimates that the EU meat and poultry market will stagnate in the near future. While global meat consumption is projected to grow at an average annual rate of +1.4% thanks to rising incomes in developing countries, the EU per capita meat consumption is forecast to decline slightly from 68kg in 2022 to 67.5kg per person in 2025.

Shifts in consumption patterns towards lower beef and pork intake constitute the principal factor shaping market stagnation. Even rising demand for poultry and sheep meat will be insufficient to offset that. To struggle with climate change, cattle herds are to be cut, and this could limit market growth from the supply side because the EU market is buoyed by domestic production.

Consumers are paying more attention to production process sustainability, especially animal welfare and environmental footprint; therefore, the organic meat segment is growing. As for meat substitutes, lab meat is not expected to become a competitor to animal-based meat because of low consumer acceptance and the high production cost. Plant-based meat alternatives held a market share of around 1% of total meat sales in 2020 and will not significantly expand in the next five years.

Compared with the 2019-2021 average, beef production in 2022 is forecast to decline by -1.4% to 6.8M tonnes due to herds reducing by -3.3% to 30.7M heads. Pork production will decrease by -1% to 23.5M tonnes, while chicken meat production will increase by +0.6% to 13.7M tonnes. In 2022, sheep meat production will slightly drop by -0.5% to 637K tonnes, but from 2023, it will rise steadily, reaching 648K tonnes by 2025.

By 2031, the market share for EU exports in global trade will decline from 20% to 17% due to decreasing pig meat exports to Asia as China aims to restore its domestic herds by 2026 and thus require fewer imports. In 2020, 16M tonnes of meat and poultry were exported, worth $46.4B.

Meat and Poultry Exports in the EU in 2020

The amount of meat and poultry exported in the EU totalled 16M tonnes in 2020, remaining constant against the previous year. In value terms, meat and poultry exports were estimated at $46.4B.

The most significant shipments were from the Netherlands (3M tonnes), Spain (2.6M tonnes), Germany (2.4M tonnes) and Poland (2.2M tonnes), together resulting in 63% of the total volume. It was distantly followed by Belgium (1.4M tonnes), Denmark (1.3M tonnes) and France (1M tonnes), together with generating a 22% share of total exports.

In value terms, the largest meat and poultry supplying countries in the EU were the Netherlands ($8.7B), Spain ($8B) and Germany ($7B), with a combined 51% share of total exports.

The meat and poultry export price in the EU stood at $2,839 per tonne in 2020, remaining relatively unchanged against the previous year. Average prices varied somewhat amongst the major exporting countries. Major exporters recorded the following prices: in Spain ($3,077 per tonne) and the Netherlands ($2,909 per tonne), while Poland ($2,282 per tonne) and Belgium ($2,286 per tonne) were amongst the lowest. In 2020, the Netherlands attained the most notable price growth rate, while the other leaders experienced more modest increases.

Source: IndexBox Platform